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(1)As soon as is reasonably practicable after the end of each financial year the regulator shall—
(a)prepare a report on the performance of its functions during the year, and
(b)send a copy to the Secretary of State.
(2)The report must, in particular—
(a)include a statement of the regulator’s accounts,
(b)specify any direction given to the regulator by the Secretary of State in that year under section 197, and
(c)contain a general description of complaints made to the regulator in that year about the performance of registered providers and of how those complaints have been dealt with.
(3)The Secretary of State shall lay a copy before Parliament.
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